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Innovation, New Delhi, India, 28-29 September 2017

IORA Innovation Exposition on
"Crafting a Blueprint for shared & Sustainable Growth through Innovation"
in collaboration with the Federation of Indian Chambers of Commerce & Industry (FICCI)
Pravasi Bharatiya Kendra, Chanakyapuri, New Delhi, India
28-29 September 2017

Innovation is a driving force that continually creates new competitive advantages and opportunities for productivity and growth. Innovation can be either as introducing new products and services as solutions to problems and challenges or new policy innovations. 

Recognizing the importance of innovation, especially in the context of SMEs being vital vehicles driving inclusive and sustainable growth, the Indian Ocean Rim Association (IORA), has been engaging its 21 Member States to develop cooperative frameworks to foster new technologies and approaches to strengthen regional economic integration, drive competition and accelerate sustainable socio-economic growth. The second IORA Economic and Business Conference (EBC-II) which was held on 11-13 April 2016, under the theme "SMEs and Innovation Investing in a Sustainable and Inclusive Future" supported the development of SMEs through the creation of business-friendly environments and improved access to innovation, finance and markets. 

This year, the IORA in partnership with Ministry of External Affairs, Government of India and the Federation of Indian Chambers of Commerce and Industry (FICCI) are organizing an "IORA Innovation Exposition - Crafting a Blueprint for Shared and Sustainable Growth through Innovation" on 28-29 September 2017, at the Pravasi Bharatiya Kendra, Chanakyapuri, New Delhi. 

The Innovation Exposition is in line with Member State's shared vision to facilitate regional cooperation including trade and investment and to promote sustainable economic cooperation. The exposition will result in sharing expertise and capacity building for mutual benefit of the IOR countries. 

The key objectives of the innovation exposition are to:

(i)  Explore cross-country partnership opportunities;
(ii) Advance progressive policy framework and regulatroy environment that would enhance the innovation activity and help achieve IORA Member States a higher ranking in the global innovation index;
(iii) Explore how to support and nurture innovative startups by providing them all the necessary infrastructure and mentoring to ideate, incubate, by working closelt with universities to harness synergies between the government, private sector and academic players in the innovation ecosystem; and
(iv) Share best practices on innovation and also serve as networking platform to the key stakeholders from IORA Member States.

Concept Note

Administrative Arrangement